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Are No Fee Funds the Future?

Are No Fee Funds the Future?

Fidelity shook the investment landscape last week when it announced that it would offer two index funds with zero fees to US investors. Fidelity can afford to offer index funds below their cost because they will make it up with all the other funds and services that clients will buy. Fidelity has a unique position in the industry in that it is a big player in both actively and passively managed funds.